Jefferies Financial Group Inc. acquired a new position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,927 shares of the industrial products company’s stock, valued at approximately $20,617,000. Jefferies Financial Group Inc. owned approximately 0.06% of Roper Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently made changes to their positions in ROP. Triumph Capital Management bought a new position in shares of Roper Technologies in the third quarter valued at about $25,000. Private Wealth Management Group LLC grew its holdings in Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 47 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Roper Technologies in the second quarter worth about $27,000. Finally, Kelleher Financial Advisors bought a new position in shares of Roper Technologies in the third quarter worth about $40,000. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of Roper Technologies stock opened at $422.69 on Friday. The firm has a fifty day moving average of $374.04 and a two-hundred day moving average of $354.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a market capitalization of $41.80 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.86 and a beta of 0.74. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $532.18.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. Roper Technologies’s dividend payout ratio is 15.08%.
Insider Transactions at Roper Technologies
In other Roper Technologies news, EVP John K. Stipancich sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $379.05, for a total value of $758,100.00. Following the completion of the sale, the executive vice president owned 35,634 shares of the company’s stock, valued at approximately $13,507,067.70. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 6,434 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $361.00, for a total transaction of $2,322,674.00. Following the completion of the sale, the director owned 7,423 shares in the company, valued at approximately $2,679,703. This trade represents a 46.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Zacks Research cut shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 25th. Piper Sandler reduced their price objective on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Argus upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price objective on the stock in a research report on Thursday, August 6th. Mizuho set a $355.00 target price on Roper Technologies in a research note on Tuesday, July 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $417.00 target price on shares of Roper Technologies in a research report on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $466.94.
About Roper Technologies
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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